Money Market

New FIRS chairman and challenge of oil slump

The drop in oil prices has made the Federal Government to shift emphasis to other sources of revenue, particularly taxes. In this piece, IFEANYI ONUBA examines some of the challenges facing the newly appointed Chairman of the Federal Inland Revenue Service in the face of declining gross federally collectible revenue. […]

Naira Trades 199.05/$1, as Dollar Records Poor Global Performance

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira traded on Friday at N199.05 to a dollar, as the greenback had a poor week globally following mediatory tone of the US Federal Reserve during this week’s FOMC meeting. The Nigerian local currency lost 104 basis points (bps) and 294 bps against the […]

Union Bank Bags ISO2700:2013 Certification

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s rescued lender, Union Bank of Nigeria Plc (UBN) said on Friday it has bagged the internationally recognised ISO27001:2013 standard for Information Security. “The bank was awarded the certificate following a rigorous audit process conducted by the British Standards Institute (BSI), in partnership with Information […]